The People's Bank of China has increased the quota for its re-lending facility for scientific and technological innovation and technological transformation by CNY 400 billion, taking the total to CNY 1.2 trillion, to support the optimised implementation of the "two new" policies and strengthen science and technology finance. The measures also broaden the scope of policy support, with private small and medium-sized enterprises with high levels of research and development investment to be included in eligible support areas from 2026.
Central Bank of the Republic of China 2026-01-15
People's Bank of China increases science and technology re-lending quota by CNY 400 billion to CNY 1.2 trillion
The People's Bank of China has raised the re-lending facility quota for scientific and technological innovation by CNY 400 billion to CNY 1.2 trillion, expanding policy support to include private small and medium-sized enterprises with significant research and development investment from 2026.